Global Blockchain Acquisition Corp.
GBBKR
NASDAQ Global Market0.00
USD
+0.00
- -
CIK
0001894951
ISIN
US37961B1127
CUSIP
37961B112
Return %
Stock
S&P500
1Y
-97.76
18.21
3Y
-98.00
64.38
5Y
-98.00
72.43
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Max Wayne Hooper
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 6555 Sanger Road Orlando FL United States of America 32827
- IPO Date
- Jun 16, 2022
- CIK
- 0001894951
- Similar Companies
- Business
- Global Blockchain Acquisition Corp. (GBBKR) operates as a blank check company, or special purpose acquisition company (SPAC), with no significant ongoing business operations other than pursuing a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more target businesses, particularly those focused on blockchain infrastructure, blockchain applications, and related technologies. Incorporated in 2021 and headquartered at 6555 Sanger Road, Suite 200, Orlando, Florida, the company targeted the blockchain sector through its sponsor, Global Blockchain Ventures, which supports investments in digital assets, cryptocurrencies, NFTs, and related ventures. It does not manufacture or sell products but provides a public market vehicle for operational businesses in these areas via de-SPAC transactions. In August 2023, Global Blockchain Acquisition Corp. announced a definitive merger agreement with Cardea Corporate Holdings, Inc., a wealth management firm specializing in services for high-net-worth individuals, institutions, and families, including cross-border advisory, alternative investments, and sustainable opportunities, at an implied enterprise value of $175 million, with the combined entity to be renamed Cardea Capital Holdings, Inc. and list on Nasdaq. The deal, which aimed to leverage synergies in blockchain, AI, and tokenized assets, did not close as planned in early 2024. Subsequent efforts included a November 2024 charter amendment approved by shareholders to extend the business combination deadline and a note purchase agreement between its sponsor and Fourcore, but the company failed to complete any initial business combination by April 12, 2025. On April 9, 2025, Global Blockchain Acquisition Corp. announced the redemption of all public shares and cessation of operations effective April 14, 2025, with Nasdaq delisting its securities (GBBK common shares and GBBKR rights) around April 13, 2025, followed by dissolution and liquidation under Delaware law. Shareholders received pro rata distributions from the trust account, including interest net of taxes, reflecting the SPAC's inability to execute a transaction despite multiple extensions and strategic attempts. The company operated solely in the United States with no international segments or subsidiaries prior to liquidation.